Property investments in MARCOOLA fare well against the rest of the country last year, registering a median home price increase of 10.06%.
Real estate investors could earn a rental income of $460 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 68.5 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $580,000.
MARCOOLA ranks 556th on the list of best yielding suburbs for rental properties in QLD, posting a 4.12% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $580,000 | $356,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | 7.39% |
| Median 12 month | 10.06% | 16.72% |
| Median 3 years | 21.34% | 16.72% |
| Median 5 years | 34.1% | 14.1% |
| 10 years average annual | 5.04% | 1.09% |
| Weekly media advert. rent | $460 | $400 |
| Time on Market | 68.5 days | 129.1 days |
| Gross Rental Yield Percent | 4.12% | 5.84% |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...